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Molina Healthcare (MOH) To Report Earnings Tomorrow: Here Is What To Expect

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Healthcare insurance company Molina Healthcare (NYSE: MOH) will be reporting earnings this Wednesday after market hours. Here’s what to expect.

Molina Healthcare beat analysts’ revenue expectations last quarter, reporting revenues of $11.38 billion, up 8.3% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and a significant miss of analysts’ full-year EPS guidance estimates. It lost -137,000 customers and ended up with a total of 5.49 million.

Is Molina Healthcare a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Molina Healthcare’s revenue to decline 2.8% year on year, a reversal from the 12.2% increase it recorded in the same quarter last year.

Molina Healthcare Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Molina Healthcare has a history of exceeding Wall Street’s expectations.

With Molina Healthcare being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for healthcare providers & services stocks. However, there has been positive investor sentiment in the segment, with share prices up 9% on average over the last month. Molina Healthcare is up 12% during the same time .

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